Bank-Converted Office
For Lease
$15 SF/Yr
301 McClanahan Street SW, Roanoke, VA 24014
Converted for office or medical use with renovated second-floor space and on-site parking for convenient access.
Space Size3,300 SF - 6,631 SF
Days on Market94
Property Features for 301 McClanahan Street SW
General Information
Standard status
Active
Size
3,300 SF - 6,631 SF
Class
B
Total Parking Spaces
34
Property subtype
Office
Lease Term
NNN
Additional Details
Highway Access
Yes
Building Details
Building Size
6,631 SF
Stories
2
Spaces For Lease
at 301 McClanahan Street SW Contact us- Size
- 3,300 SF
- Term
- Negotiable
1st Floor $15/SF/Yr
- Size
- 3,300 SF
- Term
- Negotiable
2nd Floor $15/SF/Yr
- Size
- 6,631 SF
- Type
- Office Building
- Term
- Negotiable
Entire Building $15/SF/Yr
Listed By:
Matt Huff, CCIM, SIOR
(540) 493-4970
Source:
Poecronk
Added: Jun 1
Changed: Aug 8
Last Checked: Sep 1 at 4:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matt Huff, CCIM, SIOR
Investment Insights
Based on property information with market context.
Rare opportunity in the South Roanoke neighborhood for an office, medical, or service location. The building was formerly a Wells Fargo bank branch and offers approximately 6,631 SF across two floors, providing flexible space for professional users. The second floor office space has recently been renovated and is ready for use, while the first floor includes office areas and a drive-thru configuration if desired.
The property is located near the main campus of Carilion Roanoke Memorial Hospital and the Crystal Spring neighborhood. It also offers quick access to nearby I-581 and US 220, supporting convenient regional connectivity across South Roanoke. Multiple ingress/egress points and 34 on-site parking spaces help accommodate staff and visitors.
This setup can work well for a variety of tenant types seeking a turn-key option with existing bank-era improvements and practical site access. With redevelopment and build-to-suit options available, the property may also appeal to operators exploring a customized fit based on their specific office, medical, or service needs.
The property is located near the main campus of Carilion Roanoke Memorial Hospital and the Crystal Spring neighborhood. It also offers quick access to nearby I-581 and US 220, supporting convenient regional connectivity across South Roanoke. Multiple ingress/egress points and 34 on-site parking spaces help accommodate staff and visitors.
This setup can work well for a variety of tenant types seeking a turn-key option with existing bank-era improvements and practical site access. With redevelopment and build-to-suit options available, the property may also appeal to operators exploring a customized fit based on their specific office, medical, or service needs.
Key Highlights
- Former Wells Fargo bank branch with ~3,300 SF on two floors (total 6,631 SF).
- Second‑floor office space was recently renovated and is ready for use.
- First floor includes office space and a drive‑thru option if desired.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,454
Businesses Nearby
Explore this area
Business Placement
Demographics for 24014, VA
16,869
Population
8,508
Households
2
Avg Household Size
45
Median Age
39%
College-Educated
90%
High-School Grad
27.3 sq mi
ZIP Area
618
Density / Sq Mi
$65,089
Median Household Income
$46,225
Median Earnings
$949
Median Rent
$260,300
Median Home Value
Market
Lease Benchmarks for Roanoke, VA
$15.25 /SF/Yr
Avg Asking Price
$13.5–$18.5 /SF/Yr
Price Range
25,841 SF
Avg Space Size
This space is priced 2% below the average of $15.25 /SF/Yr.
Vacancy Rate% for Office in Roanoke, VA
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Frequently Asked Questions
What type of property is this?
Office building - Converted for office or medical use with renovated second-floor space and on-site parking for convenient access.
Where is this office building located?
The property is located at 301 McClanahan Street SW Roanoke, VA.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Former Wells Fargo bank branch with ~3,300 SF on two floors (total 6,631 SF).; Second‑floor office space was recently renovated and is ready for use.; First floor includes office space and a drive‑thru option if desired.
